Peru Consumer Confidence

Peru

Peru: Consumer confidence jumps in October

November 3, 2015

In October, the consumer confidence indicator published by GfK increased to 91 points from the 86 points tallied in September. Despite the improvement, the index is still below the 100-point threshold that separates optimistic from pessimistic territory.

According to the survey report, consumers’ outlook regarding their own situation as well as that of the country in the next 12 months improved in October. Consumers were also more upbeat about employment and savings prospects. While sentiment improved across all income brackets, the greatest gains were recorded among middle-income earners. Moreover, consumer confidence was up throughout the whole country, but stronger gains were registered outside Lima in October.

LatinFocus Consensus Forecast panelists expect total consumption to expand 3.6% in 2015, which is down 0.1 percentage points from last month’s estimate. For 2016, panelists expect total consumption to grow 3.6%, which is also down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Peru Consumer Confidence October 2015

Note: Consumer Confidence Index (ICC, Indice de Confianza del Consumidor). Values above 100 indicate optimistic consumer sentiment while values below 100 indicate pessimistic sentiment.
Source: GfK Peru.


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